4 Abbey Place
Tavistock
Devon
PL19 0AA

Freehold Convenience Store and Residential Investment

  • Convenience store with Post Office let to Bestway Retail Limited until 2036 (no breaks)
  • Lease is subject to 5 yearly rent reviews
  • Includes two Self Contained flats, two separately let parking spaces and a Recording Studio
  • VAT free investment
  • Lot
    3
  • Auction
    10/Dec/2020
  • Rent
    £45,040 per Annum Exclusive
  • Status
    Available
  • Price*
    £625,000 - £650,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 4 Abbey Place<br>Tavistock<br>Devon<br>PL19 0AA
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* More information on the term "price" can be found here

Property Information

Location
Miles
15 miles north of Plymouth
35 miles south west of Exeter
Roads
A386, A30, A38, M5
Air
Exeter International Airport,
Cornwall Airport Newquay
Situation

Tavistock is a popular, attractive and thriving market town on the edge of Dartmoor national park. The property is prominently located in a busy location in the town centre on the west side of Abbey Place (A386).

Tenure

Freehold.

Description

The property comprises a substantial convenience store with Post Office on the ground floor and ancillary accommodation on lower ground and basement floors. The property includes a recording studio to the rear and two 1 bedroom self contained flats on the first floor. The property benefits from car parking at the rear with spaces allocated for use by the commercial and residential tenants and two additional car parking spaces available for separate letting.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
Convenience
Store
Ground
Lower
Ground
Basement
Retail
Ancillary

Ancillary
228.58sq m
8.48sq m

21.37sq m
(2,460 sq ft)
(91 sq ft)

(230 sq ft)
BESTWAY
RETAIL
LIMITED (1)
20 years from
17/10/2016
£30,00017/10/2021
and 5 yearly
/(16/10/2036)
Recording
Studio
Ground
(Rear)
Studio
30.25 sq m
(326 sq ft)
INDIVIDUALS10 years from
10/05/2016
£2,50010/05/2021 /
(09/05/2026)
Flat 1 and 2FirstResidential
2 x 1 bedroom
INDIVIDUALS1 year assured
shorthold
tenancies
£11,880-
Parking Space
1
-Parking 
-
TOWLS OF
TAVISTOCK
Informal
agreement
£660-
Parking Space
2
-Parking
-
VACANT---
Total Commercial Floor Area
658.12 sq m
(7,084 sq ft)  £45,040 

(1) Bestway Retail Ltd formerly Bargain Booze was incorporated in 1981. In 2017 Bestway Retail Ltd acquired over 100 Central Convenience Stores and now operate over 400 franchised stores and over 150 company owned stores throughout England and Wales, employing nearly 2000 people.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    24.11.20
    File Size
    84 MB
    Login to View
  • Catalogue Page
    Updated Date
    20.11.20
    File Size
    486 KB
    View PDF
  • Site Plan
    Updated Date
    20.11.20
    File Size
    621 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Bruton Knowles Plumer House, Tailyour Road, Crownhill
Plymouth
PL6 5DH
Mark Slade 01752 936101mark.slade@brutonknowles.co.uk
Seller's Solicitors
GA Solicitors 25 Lockyer Street
Plymouth
PL1 2QW
David Stone 01752 203557david.stone@GAsolicitors.com

Useful Links

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